Top brokerages bullish on Infosys shares ahead of Q3FY23 results: Check recommendations, price targets for HCL Tech, Wipro

Stock to Buy | Infosys: At least five brokerages have given a buy rating on Infosys. The stock has been recommended at a price of Rs 1524. Macquarie is most bullish on the second largest Indian IT company in terms of market capitalisation.

Macquarie maintains an outperform rating on HCL Tech and puts a price target of Rs 1500. The stock was recommended at a price of Rs 1040. The estimated upside is Rs 460 or 44 per cent. Source: Freepik

As the earnings season kicks-off, all eyes will be on IT stocks. Tata Consultancy Services (TCS) will be the first among the large cap companies to announce its Q3FY23 results. Ahead of the result announcement, brokerages have shared their calls for Infosys, Wipro and HCL Technologies.

Stock to Buy | Infosys | 1529.80

At least five brokerages have given a buy rating on Infosys. The stock has been recommended at a price of Rs 1524. Macquarie is most bullish on the second largest Indian IT company in terms of market capitalisation. It has given a price target of Rs 2080, estimating Rs 556 per share gains which translates into 36 per cent upside. The stock was up 0.38 per cent on the NSE.

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- CLSA maintains a buy for price target of Rs 1800

- Credit Suisse maintains Outperform rating with a price target of Rs 1710

- Citi maintains buy for new target of Rs 1745 from earlier target of Rs 1685

- Nomura maintains a buy for target of Rs 1900.

Stock to Buy | Wipro: 396.60

Brokerage firm CLSA is most bullish on Wipro shares among its peers Credit Suisse and Citi. While CLSA has put a price target of Rs 450, the upside seen in this stock is over 14 per cent or Rs 57 per share. Meanwhile, Citi maintains a Sell call on Wipro with a price target of Rs 380 which has been revised upwards from Rs 370 it gave earlier. The stock was recommended at a price of Rs 393.

The stock was up by Rs 3.55, up 0.90 per cent.

Stock to Buy | HCL Technologies | CMP: 1,042.85

Macquarie maintains an outperform rating on HCL Tech and puts a price target of Rs 1500. The stock was recommended at a price of Rs 1040. The estimated upside is Rs 460 or 44 per cent.

- CLSA maintains buy for price target of Rs 1200

- Citi maintains a Neutral rating on HCL Technologies and raised price target to Rs 1025 from 985

- Credit Suisse maintains neutral for price target of Rs 970

The stock was up by Rs 3.40 or 0.33 per cent.

(Disclaimer: The views/suggestions/advises expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)

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